Category: Expense
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What do I call making a credit card payment with checking account? Expense Type? Transfer Type?
To transfer fund from bank checking account to credit card account as payment: From the home page screen > Create + sign > Other > Transfer Transfer Funds FROM = Bank Checking Account Transfer Funds TO = Credit Card Account To enter credit card expenses: From the home page screen > Create + sign >…
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What happened to the “Items” tab when I enter bills?
If you see “Bill” form with account only and there is no “Item Details tab” separately, it usually means “Show Items table on expense” setting is turned off. In order enable Show Items table on expense and purchase forms: From the home page screen Select the Company Gear (upper right corner) Select Settings Select Company Settings…
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Compare merchant credit card processing fees
It is time to compare merchant credit card processing fees again. Announcement today of Amazon’s new “Local Register” payment system, will that have price effect on other merchant processors. Here is the pricing comparison chart: Amazon Local Register Intuit Go Payment
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How to add Billable Hours and Rate to Invoices from Timesheets (Employee or Contractor) in new QuickBooks Online?
You can get there by clicking the Customize button tab at the bottom (middle section) of the Invoice, Estimate, and Sales Receipt. Select “More” > Check boxes to show Billable to include employee name, hours and rate. You can also get there from the Company Gear (upper-corner) > Company Settings under Settings header > Sales…
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How to set it up and enter bank Line of Credit (LOC) transactions in new QuickBooks Online?
To track a line of credit (LOC) extended to your business, create a liability account with an opening balance of zero in your Chart of Accounts. From the Home page screen Go to the Company Gear (right upper corner) Select Chart of Accounts under Settings header Select the blue “New” button (right corner) A new “Account” information screen…
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How do I enter historical expenses (already paid for) for 2013 to get started in new Quickbooks Online?
In order to enter historical expenses, stay with these two specific forms: Click “+” plus icon > select “Expense” under Vendors menu Click “+” plus icon > select “Check” under Vendors menu Expense Form: You can use this form to enter Debit card, ATM Card, EFT, Wire transfer or any banking related withdrawals or charges…
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How do I set up to pay owner? How do I show funds paid to owner in new QuickBooks Online?
Create Owner’s Draw account under Equity type Click Gear Select “Chart of Account” under Settings Select “New” button Category Type = Equity Detail Type = Owner’s Equity Name = Owner’s Draw Save New QuickBooks Online Plus – How to enter various expenses in new QBO? QuickBooks Online (QBO) Tutorial – Customer Invoice, Sales Receipt, Receive Payment, Bank Deposit
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What is the different between Expense form and Check form under Vendors heading in new Quickbooks Online?
Check form is to record written manual checks or to enter computer checks to be printed. This entry will reduce bank balance. Expense form is to record all banking withdrawal type transactions except Check. New QuickBooks Online Plus – How to enter various expenses in new QBO? QuickBooks Online (QBO) Tutorial – Customer Invoice, Sales…
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How to enter credit card charges and make payment to credit card company in new QuickBooks Online?
If Credit Card account is not already set-up, you will need to create a new credit card account added to your Chart of Accounts. From the homepage screen, choose the Company Gear (located top upper right corner) Select Chart of Accounts under Settings Click “New” button Category Type = Credit Card Detail Type = Credit…
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How to make Journal Entry line items billable?
In QBO, there is no way to make Journal Entry billable like in QB desktop version. Instead, you will to enter as vendor expense, check, or bill. Then you can make it billable expense to customer or client.
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QuickBooks Online – How to enter various expenses in QBO?
The tutorial video below explains how different expense transactions are entered in QuickBooks Online. It is a step-by-step process of learning how to enter expenses in QBO. This is probably the best in-depth video that covers vendor expenses in QuickBooks Online. I highly recommend you to watch it. Let me summarize the content of…